Japan’s industrial output goes up in December 2011January 31st, 2012 - 1:45 pm ICT by IANS
Tokyo, Jan 31 (IANS) Japan’s industrial production grew 4 percent in December from the previous month, marking the first expansion in two months, the government said Tuesday.
The index for factories and mines output stood at 93.6, against the base of 100 for 2005, according to a preliminary report by the Ministry of Economy, Trade and Industry.
The industrial output index for 2011, however, declined 3.5 percent from a year earlier, reported Xinhua.
The fall was mainly attributed to the earthquake and ensuing tsunami that devastated factories in the hard-hit northeastern prefectures, disrupting supply chains in the country.
On a sector basis, the output of telecommunications equipment contracted 22.8 percent, cars and other transport equipment shrank 9.9 percent, and electronic parts also saw a contraction of 9.4 percent.
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Tags: cars, contraction, earthquake, economy trade, factories, japan, output index, prefectures, preliminary report, s industrial, sector basis, supply chains, telecommunications equipment, tokyo, transport equipment, tsunami, xinhua